Olivia Tirona
Fitch Ratings expects Singlife acquisition to boost Sumitomo Life’s credit profile
Fitch Ratings expects Singlife acquisition to boost Sumitomo Life’s credit profile
The acquisition is still subject to regulatory approval in Japan and Singapore.
HKECIC, Dun & Bradstreet partner to launch Export Credit Risk Index
The index covers five key markets – Canada, China, Germany, the UK, and the US.
Tokio Marine Holdings completes sale of TMPI
Calvo Enterprises was the purchasing entity.
37% of S’porean businesses plan to explore coverage amidst high-risk environment
Cyber risk remains the primary concern of executives.
January renewals ‘smooth’, demand for property coverage increases: Aon
Despite challenges in regions with significant losses in 2023, pricing pressure on upper layers varied by region.
Rising S’pore EV registrations prompt insurers to evaluate premiums and coverage
Plugging into Lion City’s 80% emission cut goal, EVs bring progress and new risks for motorists.
Malaysia revises ceding-out rule of takaful risk to insurers amidst hardship cases
A licensed takaful operator is not permitted to distribute risks through a ceding-out arrangement to an insurer.
Allianz S’pore will improve premiums in the next two years – S&P Global Ratings
Problems may still rise if the insurer deviates from strategise or faces funding challenges.
HK residents hesitant in long-term financial planning – Prudential
Despite setting savings targets, individuals face challenges in achieving financial freedom, as 52% of their income goes towards daily expenses.
MS Amlin opens financial lines in Middle East
Tom Horswill will lead this new venture.
AIA Hong Kong debuts high-return multi-currency plan
Key features include an expected Total IRR exceeding 7%.
Reinsurance likely to face ‘cyclical and structural change’ in 2024: Howden
In other aspects, supply has met the demand for insurance products – a shift from recent market volatility.
Sumitomo Life buys Singlife shares from TPG, plans full ownership
The deal values Singlife at S$4.6b.
HKIA stamps six-year ban on ex-agent for embezzlement and mishandling of premiums
The former insurance agent admitted wrongdoing during the IA's investigation.
FWD HK sees Q3’23 new business climb 25% YoY
It attributed its performance to their focus on the local market, coupled with proactive efforts to meet the demands of the Greater Bay Area.
Australia ready to take hit from Queensland cyclone and flood damage: S&P
The state could face higher spending in the next few years.
Swiss Re upbeat about growth of insurance sector
As a cautionary note, an economist said fixed annuities face potential decline as higher Interest rates shift consumer preferences.
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